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English definition of “taxable”

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taxable

adjective
 
 
/ˈtæksəbl/ FINANCE, TAX
taxable earnings, goods, assets, etc. require a particular amount of their value to be paid to the government: The report shows taxable sales dropped nearly 10%.taxable as sth Distributions from short-term capital gains are generally taxable as ordinary income.taxable to sb Dividends generally are taxable to shareholders at the time they are paid. The sale of shares of the Fund is a taxable event and may result in a capital gain or loss. Her house has a taxable value of $53,777. taxable capital/earnings/investments taxable accounts/assets/dividends
taxability noun [U]
(Definition of taxable from the Cambridge Business English Dictionary © Cambridge University Press)
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